RESULTS ELECTRICITE DE FRANCE1 Aug 2012 15:24
Goodresults yesterday particularly from the hydro-electric plants due to the heavy rainfall.( www.edf.com) Held for 2 years you get a loyalty bonus of 10% on youri twice a year dividend. Can be held in ISA . Bought with sterling 25% discount approx off the price shown. Most of their earnings from the up and running nuclear power stations that make France self sufficient in electricity and they export to us.Potentially a hedge against any weakening of sterling but with some contrary risk.